Wednesday 15 January 2020
Cairo – Agencies:
Two oil sources from Egypt told Reuters on Wednesday that the country started today receiving Israeli gas at 200 million cubic feet per day.
According to the historical agreement, a private company in Egypt, Dolphinus Holding, will buy 85 million cubic meters of gas valued at $ 19.5 billion from the Israeli Leviathan and Tamar fields for 15 years.
“Egypt started receiving 200 million cubic feet of gas per day, starting today, Wednesday, with the quantity gradually increasing,” one of the sources told Reuters, who asked not to be named.
Gas is supplied via an underwater pipeline linking Israel and the Sinai Peninsula in Egypt.
Israeli officials described the export of gas as the most important deal concluded since the two countries signed a historic peace agreement in 1979.